BOJ holds rates at 0.75 as oil inflation fears rise and board splits over hikes

Three board members wanted a rate hike now

Japan’s central bank kept its benchmark interest rate at 0.75%, even as inflation risks climb with oil prices and global disruptions. The decision came with internal dissent: three board members pressed for a hike. With growth projected to slow, policymakers are weighing support for the economy against stubborn price pressures, signaling tightening could still be on the table.